TISBURY TELEGRAPH TRUST
ACCOUNTS AND TRUSTEES’ REPORT
FOR THE YEAR ENDED
31 MARCH 2024
Charity Registration No 328595
| Contents | Page |
|---|---|
| Report of the Trustees | 1-2 |
| Report of the Independent Examiner | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6-8 |
TISBURY TELEGRAPH TRUST
REPORT OF THE TRUSTEES
The Trustees have pleasure in presenting their report and the accounts of the Trust for the year ended 31 March 2024 which have been prepared using the accounting policies set out in Note 1 to the accounts and comply with the charity’s Trust Deed, the Charities Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting applicable in the UK and Republic of Ireland published on 16 July 2014.
Reference and administrative information
Principal address
The principal address of the Trust is 35 Kitto Road, London SE14 5TW
Trustees
The names of the persons who were Trustees at any time during the year ended 31 March 2024 were:
Alison Davidson John Davidson Michael Hartley Eleanor Orr Roger Orr Sonia Phippard
Bankers
Santander (Alliance & Leicester) Bootle Merseyside G1R 0AA
Independent Examiner
Sarah B King MA ACA 5 Greenways Beckenham BR3 3NG
Structure, governance and management
Constitution
The Trust was established by Trust Deed on 27 March 1990. It is a charity registered in England number 328595 and is governed by the provisions of the Trust Deed. Gifts may be made to the Trust by the Trustees and others. The charity does not actively fundraise.
The Trust is run and managed by the Trustees. New Trustees may be appointed by the existing Trustees.
Risk management
The Trustees have considered the risks which the charity may face and are satisfied that adequate contingency plans appropriate to the size of the charity are in place to mitigate these risks.
Objectives and activities
Principal activities
The object of the Trust is to disburse funds to be used for the public benefit by charitable institutions or for other charitable purposes as the trustees or other donors decide. The Trustees confirm that they
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TISBURY TELEGRAPH TRUST
REPORT OF THE TRUSTEES (continued)
have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust's aims and objectives and selecting the grants payable during the year. Grants are made in accordance with the decisions of the Trustees and always for charitable purposes
Activities and financial review
The trust has disbursed 93% of its income in grants to a total of 65 charities (2023: 109% to 75 charities). Recipients included Anglican Parishes, charities formed for the advancement of the Christian religion or the relief of poverty both in the UK and overseas, and charities working to conserve the natural world and retain its value for the benefit of current and future generations. Details of grants are given in note 2 of the accounts.
Results of the year
Net income was £5,866 (2023 net expenditure: £7,144). During the year the Trustees have continued to distribute the income in accordance with the objects of the Trust Deed as detailed in Note 2 of the accounts, having met or discussed when appropriate to make necessary decisions.
Reserves Policy
The Trustees aim to distribute the majority of the income of the Trust each year. There is no ongoing expenditure for which reserves need to be maintained so the current funds will be distributed when suitable grant recipients are identified.
Trustees’ responsibilities
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity’s trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
For and on behalf of the Trustees
Michael Hartley
20th January 2025
Trustee
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Independent Examiner’s Report to the Trustees of the Tisbury Telegraph Trust
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2024 which are set out on pages 4 to 8.
Responsibilities and basis of report
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date: 20th January 2025
Sarah King
Sarah B King MA ACA 5 Greenways Beckenham BR3 3NG
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TISBURY TELEGRAPH TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Note Restricted Unrestricted funds 2024 funds 2024 £ £ Income Donations: net received 67,980 0 tax recovered 16,995 0 Bank deposit interest 391 0 Total income 85,366 0 Expenditure Charitable activities: Grants payable in furtherance of the charity’s objects 2 79,500 0 Administrative costs 3 0 0 Total expenditure 79,500 0 Net movement in Funds 5,866 0 Reconciliation of funds Total funds brought forward 1 April 2023 65,239 722 Total funds carried forward at 31 March 2024 71,105 722 Note Restricted Unrestricted funds 2023 funds 2023 £ £ Income Donations: net received 65,480 0 tax recovered 16,370 0 Bank deposit interest 76 0 Total income 81,926 0 Expenditure Charitable activities: Grants payable in furtherance of the charity’s objects 2 89,070 0 Administrative costs 3 0 0 Total expenditure 89,070 0 Net movement in Funds (7,144) 0 Reconciliation of funds Total funds brought forward 1 April 2022 72,383 722 Total funds carried forward at 31 March 2023 65,239 722 |
Total 2024 £ 67,980 16,995 391 85,366 79,500 0 79,500 5,866 65,961 71,827 Total 2023 £ 65,480 16,370 76 81,926 89,070 0 89,070 (7,144) 73,105 65,961 |
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TISBURY TELEGRAPH TRUST
BALANCE SHEET AS AT 31 MARCH 2024
| Note Fixed Assets Current assets Cash at bank Debtors 5 Current Liabilities: Creditors falling due within one year Net current assets Net assets: Fund balances Permanent Endowment Restricted 6 Unrestricted 7 Total funds |
2024 £ 0 56,123 15,704 71,827 0 71,827 71,827 20 71,085 722 71,827 |
2023 £ 0 49,632 16,329 65,961 0 65,961 65,961 20 65,219 722 65,961 |
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The notes on pages 6 to 8 form part of these accounts
Approved by the trustees on 20th January 2025 and signed on their behalf by:
Eleanor Orr
Trustee
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TISBURY TELEGRAPH TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
1 ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) issued on 16 July 2014 and with the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS102
The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
Incoming resources
Donations are recognised when received. Income tax recoverable on gift aid donations is recognised when receivable. All other income is accounted when received.
Governance and administration
These comprise expenses incurred in complying with statutory requirements and essential administrative costs incurred in pursuance of the charitable activities.
Grants payable in furtherance of the charity’s objects
These are accounted for as granted and paid.
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TISBURY TELEGRAPH TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
2 CHARITABLE ACTIVITIES
The trust did not undertake any activity directly but met its charitable purposes by making grants to a variety of charities which seek to relieve poverty, injustice or suffering or to advance the Christian gospel. Institutions receiving grants of £1,000 or over in either year are disclosed below:
| Grants made All Saints Church, Peckham Anti- Slavery International Bible Society CAFOD Christian Aid Christians against Poverty CMJ Church Mission Society Crisis DEC Turkey-Syria Earthquake Friends of the Earth Habitat for Humanity Links International Northumbria Community Open Doors Pecan Practical Action A Rocha St Mary's, Hopesay St Mary's, Peckham Salvation Army Scargill Movement Scripture Union Sustrans Tearfund Traidcraft War Child Others Total |
2024 Number £ 19,000 6 1,000 1 1,000 1 1,500 1 2,000 1 2,000 1 1,000 1 1,500 1 3,000 2 - 1 1,000 1 1,000 1 480 10 1,500 1 1,000 1 4,000 1 1,000 1 1,000 1 1,000 1 - - 1,200 1 1,200 1 1,000 1 1,000 1 4,000 1 4,000 2 - 0 23,120 41 79,500 |
2023 Number £ 18,210 6 1,000 1 2,000 2 1,500 1 4,500 1 1,000 1 1,000 1 1,500 1 2,000 1 3,000 1 1,000 1 1,000 1 1,500 1 1,500 1 1,500 1 6,000 2 1,000 1 1,000 1 - - 1,000 1 1,000 1 1,000 1 1,000 1 1,000 1 4,000 1 2,000 1 1,000 1 26,860 48 89,070 |
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3 GOVERNANCE and ADMINISTRATION
No administration or governance costs, including independent examination fees, were charged during the year ended 31 March 2024 (2023: £nil)
4 TRUSTEES
No remuneration or expenses were paid to the Trustees during the year (2023: £nil).
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
TISBURY TELEGRAPH TRUST
5. DEBTORS
This comprises amounts due from HMRC for Gift Aid £15,704 (2023: £16,329).
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| RESTRICTED FUNDS Reuben Simeon Judah |
At At 1 April Incoming Outgoing 31 March 2023 resources resources 2024 £ £ £ £ 408 2 0 410 63,035 79,075 78,500 63,610 1,776 6,289 1,000 7,065 65,219 85,366 79,500 71,085 |
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The restricted funds have been created by the donors, who are the Trustees of the Charity, and are distributed in accordance with their wishes.
7 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Endowment Restricted Unrestricted £ £ £ Current assets 20 71,085 722 |
Total £ 71,827 |
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The assets of both unrestricted and endowment funds are held as cash at bank. The assets of restricted funds are held as a debtor and as cash at bank.
8 RELATED PARTY TRANSACTIONS
Roger and Eleanor Orr are trustees of All Saints’ PCC, Eleanor Orr is a trustee of Pecan, and John Davidson is a trustee of Tearfund. Michael Hartley and Sonia Phippard are trustees of St Mary Magdalene PCC. Donations were made to these beneficiaries by the Trust in the years ended 31 March 2023 or 2024 and are detailed in note 2 above.
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